The Goodwin London Private Investment Funds team has assisted Ambienta on the raising of its third fund, Ambienta III, with a first and final close after less than three months of active marketing.
With demand well in excess of EUR1 billion, the fund surpassed its original EUR500 million target and hit its EUR635 million hard cap.
Ambienta III attracted capital commitments from close to 50 global investors representing total assets of EUR10 trillion. This included many leading pension funds, insurance companies, fund of funds, banks and foundations. Approximately 75 per cent of the investor base came from continental Europe, 15 per cent from the UK and 10 per cent from the United States. Notably the fund received strong support from its existing LP base, with re-up demand in excess of 100 per cent of prior commitments.
Ambienta is the largest independent fund globally that is dedicated to private equity investments that capture long term environmental growth trends. With offices in Milan, Dusseldorf and London, to date the firm has invested in 26 companies in eight European countries with revenues across over 100 geographies. The firm invests in niche leading companies underpinned by sustainable megatrends, notably resource efficiency and pollution control, combining exceptional financial returns with significant and quantifiable environmental impact.
The cross-border Goodwin team assisted on matters including structuring, terms, strategy and investor negotiation for the fundraising and was led by partner Shawn D’Aguiar and included partner Laura Charkin and associates Mariam Akanbi, Johanna Ng, Natasha Oppenheim and paralegal Djamiel Malcolm. The Goodwin team worked alongside McDermott Will & Emery LLP’s Milan office. Ambienta was also advised by London-based Rede Partners, an independent fundraising and secondary advisor to the private equity industry.
